Shen Hengbao (申恒宝)

Chief Executive Officer

Shen Hengbao, a national of the People’s Republic of China (“PRC”), male, aged 59, was appointed as our Chief Executive Officer on 12 October 2009. He is the founder of our Group and has more than 25 years of experience in the PRC food industry and export business. He has been spearheading the expansion and growth of our Group since the commencement of our Group’s business in 2005.

He graduated from Linyi Agricultural Academy in 1982 and obtained his Masters in Business Administration from the Graduate School of the Chinese Academy of Social Sciences in 1998. He also obtained his Masters in Business Administration from the California American University in 2001.

He started his career with Ju County Foreign Trade Company in 1982 as the head of department of livestock obstetrics. He joined Ju County Foreign Trade Canned Food Factory as the factory
manager in 1990 where he was put in-charge of the day-to-day management. In 1998, he joined Shandong Foodstuffs Import and Export Company, a provincial level state-owned enterprise based in Qingdao as deputy general manager in-charge of overseeing and assisting in the management of several state-owned companies in Shandong Province which were engaged in the manufacturing of foodstuffs for export markets, in particular, to Japan.

In 2005, he left Shandong Foodstuffs Import and Export Company and founded Rizhao Hengbao together with Meng Xiangzhen and several other individuals. With the sales network and contacts he had accumulated in
the course of his career (in particular those with major Japanese food companies), he successfully grew Rizhao Hengbao into a well established food export company over a short time span.